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't bring up the deficit. paul ryan opposes your plan. >> i know it. >> he dissented. >> and so did the president. everybody opposed -- we pissed everyone in america. nobody's doing anything for us. >> at the risk of pissing you off, what would you say to them? >> tell them we have a leaderless government and he can lead. this gentleman can't govern. he's doing politics day and night. >> erskine bowles, same question to you. if had a chance to advise obama and biden on what you want to hear about the deficit and the fiscal cliff, what would you tell them to say? are you not hearing now? >> to lead. lead from the front. just take on this enormous problem we have with economic growth. the best way to take that on is to reform the tax code, broaden the base, simplify the code, wipe out these tax expenditures and use that money to reduce rates, to encourage growth, and also to bring down the deficit. that's really attacked these entitlement problems. slow the rate of health care. make social security sustainably solvent. we can't afford to spend more in the next 17 largest countries and
to deficit reduction rather than tax breaks for the wealthiest americans. charles schumer was speaking at the national press club in washington about the fiscal cliff, those expiring tax and budget cuts that go into effect in january. this is just under an hour. >> good morning. we're starting right on time today. i want to thank you for coming. i want to take up those of use who are joining us on seemed span. i am a member of the newsmaker committee of the national press club. on behalf of the national press club, we are honored to have charles schumer. the senator will address the topic of tax reform, and i want to say this is an appropriate tax -- topic. time, theus' prevailing idea was that there were dragons just over the horizon. columbus thought he could find a new route, and today we will be exploring new routes to tax reform. the senator will talk for approximately 25 minutes, and and it we will open up the news conference to questions. senator? thank you for that timely introduction. i want to thank the national press club. here is what i said yesterday -- [speaking italian]
now. for treasury department releasing budget numbers for the 2012 year and that is deficit included. peter barnes has the news. peter: the deficit exceeded $1 trillion for the fourth fiscal year and a row coming in at $1.1 trillion for fiscal 2012 which ended september 30th that was down $200 billion from fiscal 2011 thanks to higher tax revenue because of a stronger economy nd some lower spending, $60 million year over year and those numbers are down from the record $1.4 trillion in deficits we saw in 2009. we like to give you the monthly number for september. last month of the fiscal year. here's something you don't see every way. a surplus of $75 billion compared to a deficit of $73 billion in september last year. that is mainly due to accounting items, the biggest one being a shift in $60 billion in government benefit payments for social security and medicare and other things into august's of this year because of weekends and holidays in september. the administration is projecting a end to this trillion dollar trend for this fiscal year, 2013, budget forecasts projecting a defi
wants to see president obama. he want to try to brinbring attention to the national deficit and offering it up to help pay off the national deficit. >> the son of the trouble was campaigning on friday. joining volunteers at the republican had p headquarte in ohio. with the new license headquarters. and also sharing energy tips and sharing information about his father. the next presidential debate is on october 15th new york and next week, joe biden and paul brien will take the stage. and kron 4 will have that life. go to our new channel. comcast 193 for the latest news, weather and traffic updates and to watch all the presidential speeches. uninterrupted. and on digital 4.2. this radical moslem terror charges are in new-york. these men were extradited from england. he is facing charges of consume conspiracy. d in oregon. christine has more. >> radical extremists and four other men are right in the u.s. early saturday from london. they are facing terror charges went london saying that they could be extradited and immediately. some of these men are being held at the manhattan correctional
promise to get our spending under control by cutting the deficit in half. he was so confident that shortly after taking office president obama said he would fix the economy in three years or face a one-term proposition. today he has broken the promises. his words have no credibility. host: that was the republican weekly address. ralph from the main joins us on the independent line. caller: i was born in 1950, 61 years old. i have gone through all kinds of things. my dad was in the service -- i have had two fathers. i am taking care of my mother now who is just getting one cut back after another through social security. medical benefits. i am not happy. i know what is going on. in the last five years i have taking care of her 24-7. i have had time to educate myself on what it is. until we understand who the enemy is, nothing will change and their plans will continue. there are manufacturing a war because global international banks and their lackeys have bankrupted the world. derivatives are nothing more than leverage. you have a situation where if you look and research it, the city of londo
means blowing up the deficit or raising taxes on middle-class families. one or the other. pick your poison. last week, mitt romney said, there is no addition to the deficit with my tax plan. if he says it is not true, then it is not true. ok. it is true that it is not going to add to the deficit, that leaves only one option. that is asking middle-class families to foot the bill by getting rid of the deductions for owning a home, raising kids, or sending them to college. as it turned out, most folks do not like that idea either. just last week, on stage, governor romney decided that instead of changing his plan, he would pretended did not exist. what $5 trillion tax cut? i do not know anything about that tax cut. pay no attention to the tax cut under the carpet, behind the curtain. when he was asked how he would cut the deficit, he said he could make the math work by eliminating local public funding for pbs. by the way, this is not new. this is what he has been saying every time he is asked a question. we can cut out pbs. for all you moms and kids out there, do not worry. somebody is
as the treasury reports the u.s. budget deficit topped $1 trillion in fiscal 2012. that's our fourth-largest budget deficit since world war two. that held wall street's gains in check: the dow rose 2.5 points, the nasdaq fell five. the s&p down four. for the week, the major averages were all off more than 2%. the nasdaq was hit the worst, down almost 3%. giov >> i think it's very hard to predict real estate prices now because the world is in such an unusual situation. there are so many ifs. and because we just recovered from the biggest housing bubble in u.s. history. so we're really in uncharted territory right now. >> reporter: shiller says one problem for the housing market is there is really no sense of urgency for potential home buyers to pull the trigger on a purchase. interest rates are expected to remain low for the foreseeable future and housing prices really aren't rising that much. diane eastabrook, "n.b.r.," chicago. >> susie: best buy is revving up its holiday retail strategy. the struggling electronics chain is taking its name to heart and taking aim at online competito
in birmingham he reaffirmed his determination to stick to his plan of deficit-reduction. he says britain can no longer assume it will remain a major industrial nation. >> and as we showed determination and imagination, britain may not be in the future what it has been in the past. because the truth is best, we are in the global race today. that means an hour of reckoning for countries like ours, or swim, do or decline, to take office, to become the government at such a moment is a duty and an honor. and we will rise to the challenge. today, i want to set out a serious argument to this country about how. we do how about how we compete and thrive in this world. how can we make sure that in this century, like the ones before, britain is on the rise? -- rise? nothing matters more. >> our political correspondent, naomi, joining me. is it sink or swim? the country might feel parlous and depressed after listening to that. >> i think he does not want to have any false hopes for people. i think he is paving the way for an announcement that we will get later this year where he would tell the british p
and managing deficits and on unleashing the forces of innovation. from everything i've seen the u.k.'s first coalition government since churchill is meeting these challenges head-on. in the face of the most challenging economic times we have experienced in decades this is a government that is clearly not afraid to leave. and in 2010 when david cameron went down the british economy and the entire european union was in dire straits. since then as we keep reading most national governments have tried to ride out the storm buy simply putting down the hatches and hoping that the sky is will return quickly. the governments have charted a new courses that will lead them to clear skies and i think the united kingdom has been an exception and the conservative party has been the reason. [applause] prime minister kim and together with his chancellor of george osborn are creating a new course for britain. it's not easy work, and i can appreciate how hard it is to step into a crisis and make the tough decisions to overcome. i first took office in the three months after the attack of my 11 -- 9/11. we lost
and that that, we can do that on a basis which won't increase the deficit. that was their position as i said for 99% -- >> but still his position -- >> hold on, joe, and you cannot do that as a mathematical matter without raising the tax burden on the middle class, it's not possible and all this debate about my studies and your studies is not possible, as bill clinton said at the democratic convention it's arithmetic. >> can we taxle the deficit without affecting the middle class? >> if i were vice president biden i'd put that back on the table and push it because it's too late to change your position 30 or 40 days before the election in a campaign that's gone, you know, for a year and a half. it's too late especially on an issue which you've been talking about every single day for those 18 months. it's too late. i'd take the view you can't change your position on something like that 30 days before the election, you can't change your position on repealing every fapset of obama ca facet of obama care or every facet of dodd-frank. we have a debate tonight, so to say nevermind, that doesn't wor
of the main reasons record surpluses under bill clinton were turned into record deficits under george bush is because we put two wars and two tax cuts on a credit card. and now governor romney wants another $5 trillion in tax cuts that he can't pay for? not if i have anything to say about it. that's not going to happen. [applause] we are not going to let this country fall backward. not now. not with so much at stake. we've got to move forward. we need to invest in small business and manufacturers who create jobs here in the united states. we need to recruit 100,000 math and science teachers, train two million workers at community college, bring down the cost of college tuition. we need to -- [cheers and applause] we need to cut our oil imports in half. create thousands more jobs in clean energy. we need to use the savings from ending the wars in iraq and afghanistan to help pay down our deficit and put people back to work doing some nation building right here at home. that's the agenda we need. that's how you strengthen the middle class. movinghow you keep forward. that's the choice in thi
would call these gimmicks, the full ten year cost of this bill has of $460 billion deficit. the second has a one half trillion dollar deficit. probably the most cynical gimmick in this bill is something that we all probably agree on. we don't think we should cut doctors' 21% next year. we stop those cuts from occurring every year for the last seven years. we all call this the toxics. well, according to your numbers it cost her her $71 billion. it was in the first iteration of all these bills. because it was a big price tag and made the score look bad, may look like a deficit, that provision was taken out and has been going on in stand-alone legislation. ignoring these costs does not remove them from the backs of taxpayers. hiding spending does not reduce spending. and so when you take a look of this is just as not add up. let's finish with the cost curve. we bending the cost curve down or up? well, if you look at your own chief actuary of medicare revenue up. he is time we are going up $222 billion, adding more to the unsustainable fiscal situation we have. and so when you take a look
is already under way. >> here we go. tara, thank you so much. >>> controlling the deficit is one of the key issues of campaign 2012. this week, a group of bipartisan senators is meeting in virginia to try to keep the nation from falling off the so called fiscal cliff. the group of eight senators, four republicans and four democrats, is expected to meet for three days to try and reach a deficit reduction proposal that's acceptable to congress and the president. the fiscal cliff refers to budget control measures scheduled to take effect at year's end, including tax increases and spending cuts. >>> today attack now on the u.s. consulate in libya. one of the men responsible for the security of u.s. diplomatic in libya said he knew there were security issues there long before the deadly attack in benghazi. he's scheduled to testify tomorrow. sheryl atkinson has his story. >> reporter: lieutenant colonel andrew wood last set foot in libya in february to elite a security team with expertise in counterterrorism. from the moment he arrived, he says he saw chaos. >> shooting instances occurred. many
on consumer sentiment hit a five-year high. that comes as the treasury reports the u.s. budget deficit topped $1 trillion in fiscal 2012. that's our fourth-largest budget deficit since world war two. that held wall street's gains in check: the dow rose 2.5 points, the nasdaq fell five. the s&p down four. for the week, the major averages were all off more than 2%. the nasdaq was hit the worst, down almost 3%. >> susie: a new housing boom? >> susie: a new housing boom? a lot of talk and headlines about a recovery in housing. even consumers are feeling more confident as they see signs of a pick up in housing. next week we'll get more direction on where the nation's housing market is headed with the latest monthly numbers on new home conruction and sales of exting homes. diane eastabrook reports. >> reporter: it looks like the housing market is finally emerging from its long funk. in august existing home sales increased nearly 8% to their highest level in more than two years. home construction is gaining steam along with builder confidence. and the standard and poors case shiller home price index
for the economy. another important element is a private set her deficit. wow, another important reform has been to put into the constitution, a financial stability law, that means that the government is going to be more able to meet their objectives and to put a degree on the expand says and the deficit of the regional suspense, which is part of the issue because the expenditures from the central government, another part of the government in which you have tools in order to make them comply with your objectives. at the government has proper tools. and in the process of the fiscal situation as we see in this chart, we have a totally out-of-control deficits in the year 2009 with a deficit exceeding 11% of the gdp and now we are to reducing the step thursday of the very important issue and what the markets wonder if the capacity of the government to get to the 6.3%. there is a degree in the market and the capacity, but the government is confident that she can get this figure and i think it would be a very important message for the market. if it's able to comply with the objective of direction and
, mr. president, looking at this year's budget come at you are going to have a trillion dollar deficit. i have not done anything yet, he said. >> we cannot keep looking our children in the high knowing that we are going to give them a diminished future because we are spending their money today. it is a very simple idea. mitt romney and i are going to bring it to washington. we've got to stop spending money we do not have. we must cut spending, we must get this balanced budget. >> next thursday night, paul brian and joe biden will face off in their only critic paul brian and joe biden will face off in their only debate. you can watch and engage with c- span with our live debate preview starting at 7:00. your reactions at 10:30. a follow our live coverage on c- span, c-span radio, and online. >> i watched on c-span the various congressional hearings and deliberation on public policy and also information that is put out by the various think tanks in washington. i like to watch the main interviews on sundays at 8:00. he hosts different authors any has discussions -- and he has discussions.
're facing absolutely massive deficits. this administration has chosen to ignore it. the president has failed, put forth a plan to deal with those deficits and if everyone believes everything is coming up roses, perhaps the vice- president should join me as i travel around the country and speak to people. people in pennsylvania are not terribly thrilled with what happening in the economy. people in youngstown, ohio have stores that are boarded up because the economy is not doing well. it's not only the old industries that are not -- in san jose, calif., they are complaining because they cannot export their high-quality goods to japan and other countries. people in the northwest and in the state of oregon are complaining about what's happening to the timber industry and agriculture industry. things are not as great as the administration is wanting us to believe in their television commercials. my feeling quite frankly is i have enough experience to see the problems, address them, and make the tough decision that level of people with reference to this problem. >> despite the historic aspects of
of $3 trillion in deficit reductions, which is some combination of tax revenue and spending cuts. therein lies the problem. we have a situation where democrats have been loath to to target the deep spending cuts to domestic programs an impediment programs that would be needed to cut a deal, -- entitlement programs that would be needed to cut a deal, and republicans are loath to consider the idea of any sort of new tax revenue that could be added to the picture. so, how do you put this deal together in no way that makes a policy sense, but also would satisfy the political differences on either side? it really is difficult. if you look to the projections, people say if we do not do anything, this would be great for the nation put the deficit, because tax revenues would automatically go up, spending would go down, and our national deficit would nearly be cut in half. that is a great outcome. yes, it is, but the other hand, the economy, which is in a fragile state, would decline, and we've seen projections of a 0.5% reduction in gdp growth which experts say would put the economy in a
not reach a deal cutting the deficit. jpmorgan is being sued at the new york attorney general over allegations that subsidiary bear stearns deceived investors into buying mortgage-backed securities. this is an hour. [inaudible conversations] >> well, good afternoon. i am richard haass and i want to welcome all of you to the council on foreign relations into today's ceo speaker series meeting. this is part of the council on foreign relations corporate programs, which is supposed to increase connections and links between the business community in the foreign policy community, which to some extent are one and the same. i want to thank -- rather welcome not necessarily those of you do, but those around the world participating in this meeting or modern technology. speaking of modern technology, if people take a second to turn off their cell phones and the like, that would be most welcome. this meeting is on the record. as we say, anything can and will i'm sure be against you. in this danish, probably some things you haven't said will be used against you. the phrase for someone it's no
blankfein, the man at helm of goldman sachs. a man on the deficit reduction committee and voted against simpson-bowles will tell us why he didn't like it and what he wants to hear in tonight's vp debate. oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your
a credible plan to reduce our budget deficit, that's delivering very low interest rates for us in the markets at the moment. so that is the proof that there's international confidence in our plan. >> gilt yields are slightly lower. we're waiting for spain of course to ask for a bailout. spanish yields are lower. and if they stay in those sort of levels, spain will ride their luck for as long as they can. back to you. >> i was with you on that, ross. your audio guy was sleeping there for a second. we were going to step in and help you, but that was -- it was the eads, that's very unsettling what's happening with the eads. very unsettling. i'm anxious about how that finally plays out. >> no delay. >> just flew right over ross. >> flew right over ross. we may eventually have really quick flights again. did you see this guy who is going to jump out of balloon? he'll break the sound barrier. but as you're falling, since there's no -- what keeps you at terminal velocity is the air. if there's no air, they think he'll he break the speed of sound. >> why is he doing this? >> because he can. >> yeah,
with the goldman sachs ceo lloyd blankfein plus the co-chairs of president obama's deficit commissionity, simpson and bowles. they'll discuss the fiscal issues. that's at 12:30 eastern on fast money halftime report. so don't miss that. >> and still to come here, christine lagarde has harsh words about austerity. we'll head back out to cadd ere cadre oig in tokyo after the break. kadri in tokyo after the . >>> christine lagarde calls for developed nations to do more to get their budgets in order while at the same time urging europe to give greece more time. >>> and central banks take action on slowing global growth. interest rates both cut by 25 basis points as the economies try to copy with waning demand. >> plus the states have been raised for today's debate between joe biden and paul ryan and new polls show the race for the white house has tightened. >> kelly and i might be wearing a dapper of red today. european stocks -- >> we didn't even plan it. we're just on the same wave length. >> stocks have a dash of green. not much, just a little. a welcome break if you're long in the markets after th
to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the book, what i attempt to do is take people to the presidents and leaders and tell you exactly because of the luxury of time and my publisher, simon & schuster, i declined to get the meeting notes to get the exact detail to interview president obama and speaker boehner and the key players in this. i just want to take one quick snapshot from what happened that we didn't know about, which is critical. when the cops pull up less when the president was upset, he called the congressional leaders on a saturday morning at 11:00 o'clock a.m. something in democratic andemoat republican leader were trying to work outth the own deal harry reid, the democratic leader, said to the
the debate the other night was the deficit. the scrocketting deficit under president obama. remember, that the total federal deficit under president obama is still at $5.2 trillion. >> that's the debt that has been added, i think. the deficit right now it was also went down yesterday. the debt. and the deficit is now 1.1 trillion. that was also came out yesterday morning. >> another barometer people always look at, too. is food stamps. 2009 what did we have 33.5 million, right? and then in 2010, 40.3. last year 44.7. and look at this year already. 46.8 million. that's as of july. >> big jump. >> yeah, so are companies hiring? that could be the good sign that companies are hiring. you want to have some good news, right? and it's hard because you are seeing manufacturing though for the second straight month also slipping. that's a sign of the strengthening economy as well which is getting the economy moving. >> but for people who don't pay attention. you know, you look at that number 7.8. things are turning around. >> are your pants ringing? >> is that my -- it is my phone. hold on a s
and deficit this country is facing, it's clear that we have a lot of problems in this country that the president has just not addressed, and i think that's why we saw his debate performance the way that it was a couple of nights ago. he has a really, really hard time defending his record, defending the last four years and that's why we saw such a difference between him and governor romney on the stage last wednesday in denver. >> kirsten, thank you very much. appreciate it. >> thank you. >>> a 12-year-old boy is attacked on a school bus but didn't tell his mother. we'll tell you how she found out. >>> it's one of the most recognizable guitar riffs ever recorded. the theme to "james bond." ever wonder how much the guy who played it made? we'll tell you next. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. ♪ >>> you know t
focus on the economy, including how to reduce the deficit and create jobs. >> i'm the only governor in modern times who left office with a smaller general fund when i took office. debt and spending skyrocketed in his time in the senate. on the other side of the balance sheet, the tax side, i do believe we should let the bush tax cuts expire, as planned. >> we do need to balance. there needs to be cuts made in federal spending and we need to grow the economy. there are a variety of things i think off the bat what ought to be cut is and repeal asked replaced -- and replaced is obama care. that will save over $1 trillion. >> the two former virginia governors have been running neck and neck, but tim kaine appears to have taken a lead. >>> new polls out in the presidential race confirming the fight for the white house is tightening. as fox's doug luzader tells us, with four weeks to go before the election, both are coming out swunging on the campaign trail. >> reporter: 47 to 47, the race is locked up right now, at least according to gallup. the landscape is changing quickly. both campai
taxes on the middle class - or increasthe deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ >>> i was wondering what dogs song we were going to pick for this story. loyalty is one of the reasons we love dogs. what this dog, whose named zander, tried to do was truly extraordinary. when zander's owner went to the hospital, he tracked him down. i was playing with zander. turns out, white shedding dogs and black suits, don't go so well. >> everybody in the studio is falling in love with zander this morning. good morning, america. i'm bianna golodryga, along with dan harris on this saturday, october 6th. >>> also this morning, the iconic game show, "the price is right," is doing something it's never done before. the show has been a favorite for decades. known as much for the models as the amazing prizes. you may be amazed seeing the newest face. >> i loved being sick on sick days watching "the price is right." >>> we're going to start with a teacher/student sex scandal, one that allegedly goes all the way to the top. three teachers charged with having
tax proposals. the budget deficit went out and the american economy went up. the key thing is, let's forget about the government. they are a mess. what does it do for the american people and the economy? ryan was right on kennedy. he was right on reagan. stuart: you have taken part in republican high-level presidential debates. back in, what was it, 96 and 2000. you were in those debates. how do you judge biden's performance? >> the base of the party would love it did the most independent voters, the more and more they see, they will be put off by a snide, sneering sarcastic remarks. they have a lousy record and notes positive proposals for the future. ryan did. stuart: paul ryan, your judgment their? >> he did not get frustrated when the old guy tried to interrupt him. i think he held his own and did well. he did not let himself get flustered by biden. stuart: biden schooled ryan, i have a lot of comments about that. no? >> no. ryan summed it up at the end. we have positive tax proposals to get this economy going. he did so in a respectful way. i think the fact that he kept his co
washington, the debt and the deficit and tax reform and everything but also about campaign money. well, they realized that campaigns are very expensive. if you want to win, you've got to bring in a lot of money. >> reporter: efforts to regulate lobbying date back to 1876 when the house first required lobby i haves to register with the clerk. in the 21st century, the lobbying industry has become a revolving door for lawmakers. they retire from congress and make more money returning as lobbyists, often getting special access with their former colleagues on capitol hill. a study by the watchdog group public citizen found that 43% of the members of congress who left office between 1998 and mid 2005 went on to register as lobbyists. in 2007, thurber advised then senator obama, who championed sweeping lobby reform. >> big money and lobbyists were clearly drowning out the aspirations of the american people. >> reporter: lobbyist jake abrahm off had just gone to prison for cheating clients and bribing congress. lawmakers passed new reforms that required strict public disclosure of lobbying act
to explain it and explain how they're not going to explode the deficits and put a big new burden on the middle class. >> we see a number of battleground stake polls out this morning including those by cbs news and "the new york times" that show a tightening of the contest in several of these states. can joe biden tonight stop the slide in the polls for president obama? >> well, nora, i don't think there's a slide in the polls. i think there was a bump after the debate. i think it was mostly last weekend. as you know, these polls that you conducted don't measure the days since the debate, they measure what happened from before the debate to after. so i don't think there's big momentum. there's no doubt that governor romney collected a couple of points, mostly of republican leaning independents as a result of the last debate. what i think the vice president can do is really drive home the fact that one candidate, the president, has a vision that has squarely in it the interest of the middle class and the notion that you build the economy through the middle class and through a stron
, look, here's our deficit, here's our goal, here's the period of time that we have in order to fix it. and here are the measures that have to be on the table, the ones we can agree on, those we disagree on, but we have to come out with a way to so that the bleeding. that means putting everything on the table. now, i oppose -- the fact is that there can be an agreement in my view that we would all have to make some sacrifices. but for me to say i would support this, i wouldn't support that, that's not the way you negotiate. >> but you're saying you won't put the mortgage tax deduction on the table. >> i wouldn't agree to it. but the fact is that there can be an agreement. >> didn't the debt ceiling negotiation show that there simply cannot be a coming to terms between republicans and democrats? each party has their own sacred house that they refuse to budge. >> the president has agreed and boehner had agreed to a certain amount of revenue increases. boehner went to to the white house and the president napded that there be another $500 billion worth of tax increases. the whole they thin
much the same language for some time now on the budget, budget deficits, the national debt. i give him all the credit in the world for so doing. tonight he better have fresh language. he better be scriptive and enthusiastic about foreign policy, broad domestic vision of the governors, not his. i don't think anybody wants to hear anymore of the ryan plan. they want to hear now how he will serve this governor as his vice president. it is not immediately clear to me that he has made that transition in the role. some of his supporters he is number two. he has got a great first act that was choreographed and led by his to be boss, governor romney and he is going to have to follow, and demonstrate that governor romney chose well. lori: we shall see. melissa: thank you, lou. you can see lou every day at this time. of course at 7:00 and 10:00 p.m. eastern tonight. catch rnc chairman reince priebus. he will join lou to discuss the vp debate. >> ought to be a hoot. he is terrific. lori: stick around after lou's show tonight. neil cavuto's fox business coverage of tonight's debate. a lot of actio
. thanks. dagen: charlie gasparino. the good. connell: the san francisco giants over cannot 2-0 deficit. they came back to win. you see the washington highlights right there. a big hit for the giants, the nationals as well. the big walk off by jason worth, knocked down -- saw the end of that. detroit moving on. just convert lander was terrific yesterday with 11 strikeouts taking him to the lc s. they will be there. they were a great story but it ended -- he was not yesterday went all the way so those -- some small gains and yankee games tonight, 5:something in the evening. dagen: and there is dale earnhardt junior who suffered a concussion at the kansas testing and after a racket -- was suffering. he is not racing at charlotte's or the following race. he was kind of out of it. in humans and place but he was one of the chaste drivers. he is one of the most popular athlete in the country. connell: we wish him the best. why do we always get into this. i just don't like it which is fine but i'm not arguing against the validity of its existence or anything. dagen: you sort of par. >> i am no
'm going to reduce deductions and make sure it's deficit neutral, but i'm not raising taxes on the middle class. and depending on how you look at that, it's hard to make that math add. >> said one other thing, people that are now on entitlements will not be affected at all. >> right. so if all of that -- whether it's the tax policy, i know we've talked about there's a view that it's biased, but everybody who has looked at these numbers i have not found somebody who said the math adds. >> baked into those -- >> it doesn't say the math adds, no, only at 100,000. if you consider -- you're making over $100,000 your taxes are going up. you consider those people middle class or not? >> taxes are going to go up on certain people when the deductions go out. >> but you can't say at the same time that not raising taxes on the middle class -- >> stop. he said something else, which is equally important. if we get rid of some of these stupid regulations that are impairing jobs. >> right. >> let me give you one -- >> that's an argument i accept to some degree. >> david farr, the ceo of emerson electric
was asked how he would actually cut spending and reduce the deficit, he said he'd go after funding for public television. elmo, you better make a run for it. >> reporter: on the stump in virginia, romney says the jobless numbers don't tell the whole story. too many workers, he says, have simply stopped looking. >> when i'm president of the united states, that unemployment rate is going to come down, not because people are giving up and dropping out of the work force, but because we're creating more jobs. >> reporter: with the unexpected drop, some saw a conspiracy. former general electric chairman jack welch seemed to accuse the obama campaign of cooking the books, tweeting unbelievable jobs numbers. these chicago guys will do anything. can't debate, so change numberns. later on "hardball", welch admitted he has no evidence to back that up, but he remained defiant. >> i don't want to take back one word in that tweet. it seems coincidental that one month before the election they would end up at 7.8. >> reporter: the charge was met with outrage from many, including the president's ba
should close all these loopholes and take that and take all the money and put it toward the deficit. now, there could be an argument for that, but i think the dangerous thing about him saying it is going and saying it to the national press club instead of being serious and working with the gang of eight and mark warner trying to reach some sort of agreement that you can bring both sides of the aisle to. going out there and saying stuff like that. it's incendiary. >> by the way -- >> are you trying to blame him for that? was there a camera? >> i just want to understand one thing, we clearly know that under obama, tax rates are going to go up at the top. >> obama care they are. >> well -- >> you think there's a misunderstanding among either romney supporters or a misunderstanding about romney's position on this issue? >> romney told everybody in the debate. he said if you're an upper income player, don't expect you're getting any help this time around. he said it. >> do you think people six months ago thought they were getting help? >> i think that was in their wheel house. >> but then the
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